- Bitcoin CME GAP filling out, the first between $78,000 and $80,000 is complete.
- The second CME GAP lies between $84,200 and $85,900.
- The pioneer crypto asset could set a new ATH at $170,000 this bull cycle.
The price of Bitcoin BTC fell to the $76,000 price range today taking with it the market sentiment to an ‘Extreme Fear’ state. According to CoinMarketCap ’s Crypto Fear & Greed Index, the score is at 17. Despite this analysts remain optimistic and highlight how BTC price is filling out the Bitcoin CME GAP left behind from earlier this bull cycle.
Bitcoin CME GAP Filling Out
In detail, the Bitcoin CME GAP seems to be steadily filling out. As we can see from the post above, this popular crypto analyst shares his bullish prediction of BTC hitting a new ATH of $170,000 in the next 50-60 days. Specifically, he highlights the CME GAP between $78,000 and $80,000.
The post goes on to break down the potential roadmap for Bitcoin in the coming days. The first two points on the list have already been established where BTC price pushes past $100,000 to hit $102,000 and $104,000 before going into a major retracement at $78,000 and $80,000. Next BTC is expected to close below $73,000 on larger time frames triggering a cascading stop hunting.
Can BTC Hit a New ATH of $170,000 This Bull Cycle?
After this BTC will retest the breakout point and surge into a massive pump of over 150% to hit $170,000. The analyst says that the same pattern played out in 2017-2018 and history might just be repeating itself. Meanwhile, as we can see from the post above, another analyst highlights the same, that one CME GAP is filled and the next CME GAP that must do the same lies between $84,200 and $85,900.
